During the pandemic, two presidential administrations paused payments for those holding federal student loans. ThePayments are set to resume, along with the accrual of interest, 60 days after the court cases are resolved. For example, if legal issues remain at the end of June, payments would restart at the end of August. If the court issues a ruling in March, repayment could restart as early as May or June.
. But advocates point to other ways the debt might be forgiven, including through the Higher Education Act.Betsy Mayotte, President of the Institute of Student Loan Advisors, encourages people not to make any payments until the pause has ended. Instead, she says, put your payment amount into a savings account.
“Then you’ve maintained the habit of making the payment, but earning a little bit of interest as well. There’s no reason to send that money to the student loans until the last minute of the 0% interest rate.”
In past years we all *PAID* our student loans back In Full, though it was financially challenging. For some of us there were very high costs, interest rates, & low incomes. Options exist to defer pymt. of collage loans. Just arrange to Pay Loans back. Period, Full Stop.
If this passes, I get to pay for something I never did. Can't wait
What about those of us who have yet to enroll in a university? We still have to pay our loans when the time comes? Biden said fuck Gen Z, let's give the millennials a financial bailout...
If they are going to be forgiven (which they shouldn’t be), it should be by the colleges and universities-not hardworking individual taxpayers who are already struggling to make ends meet. A contract is a contract.
Lol America
We know that several of the Republicans who say people should pay their debts received PPP loans that they didn’t need, or even qualify for, but aren’t being made to pay those back. Republicans have no accomplishments, so they obstruct anything that Democrats try to do.
I want REPARATIONS for the 5 University tuitions I paid! I'M A VICTIM !! Plus, the unintended consequences are REAL.
They can not for a second let people theyve suckered into be in debt for the rest of the life even have an ounce of relief lol
Here's what to know; Biden has publicly said this is unconstitutional and he's right. His administration set this up to fail in Court and then claim its those mean conservatives, who won't let him help. The challenge will be for the three liberal Justices to justify upholding it.
Voter bribery in plain sight. The Supreme Court will strike this down... again and again...
The Roberts court is corrupt
Your debt is your responsibility. Pay it back.
I think we know how this is going to turn out.
Why don’t those who want to cancel student debt start a go fund me to pay off all the student debt. Going forward, every high school should have a financial literacy course.
If Joe Biden were being intellectually honest about his actions to cancel student debt he would name them 'The Burdening of People who didn't go to College with the Debt of those who did Act'. Biden's student debt forgiveness plan may cost taxpayers an average of $2,000 per CNBC.
We know it was a scam for votes. They had the power, but didn’t use it. This way, they can blame the Court instead of themselves.
The IR regime uses chemical gases against female students in schools. This is a full-scale genocide that this regime is doing against the people of Iran. MahsaAmini مرتضی_آذرنوش UNICEF EU_Commission CNN JosepBorrellF dwnews FoxNews VP CanadianPM JapanGov
Everything should be free then no one would have to go to college
At stake: people who wasted money on worthless degrees and are unemployable and in debt to big university …
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